Trusted Press Release Distribution   Join | Login    

Briefing Search
Keyword:
Category:

       

    
Author Details
Polaris Market Research
www.polarismarketresearch.com
1-646-568-9980
30 Wall Street 8th Floor New York City, NY 10005 United States


Bookmark and Share
Petrochemicals Market Size Historical Growth, Analysis, Opportunities and Forecast To 2026
According to a new report published by Polaris Market Research the petrochemicals market is anticipated to reach over USD 1,203.2 billion by 2026.

BriefingWire.com, 9/13/2018 - According to a new report published by Polaris Market Research the petrochemicals market is anticipated to reach over USD 1,203.2 billion by 2026. In 2017, the ethylene segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

Sample copy of this Report @ bit.ly/2xf00TE

A significant growth in industries such as healthcare, automobile, construction, food and beverages, along with government initiatives and funding is expected to support the growth of this market. Other driving factors include abundance of raw materials in Middle East and favorable regulatory policies in Asia-Pacific. However, increasing environmental concerns, growing demand for bio-based chemicals, and price volatility of crude oil and natural gas are expected to restrict the growth of the market. Increasing demand from developing nations, and technological advancements are expected provide numerous growth opportunities to the market players during the forecast period.

Make an inquiry before buying this report @ www.polarismarketresearch.com/industry-analysis/petrochemicals-market/inquire-before-buying

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The high economic growth in the region, growth in automotive and construction industries, and rising standards of living are expected to drive the market growth. Increasing disposable incomes in developing countries of this region, increasing applications of petrochemicals, and competitive manufacturing costs are further expected to support market growth. Rapid urbanization, and rising shale gas explorations in the region are expected to further provide growth opportunities during the forecast period.

Browse Full Report @ www.polarismarketresearch.com/industry-analysis/petrochemicals-market/

The different types of petrochemicals include propylene, benzene, ethylene, butadiene, xylene, styrene, toluene, vinyls, methanol, and others. In 2017, ethylene accounted for the highest market share. However, adoption of methanol is expected to grow at the highest CAGR during the forecast period. The increasing demand of methanol for gasoline blending, and MTO (methanol to olefins) processes is expected to support its adoption in the coming years.

The well-known companies profiled in the report include include Royal Dutch Shell PLC, BASF SE, British Petroleum, The DOW Chemical Company, China National Petroluem Corporation, Chevron Corporation, ExxonMobil Corporation, LyondellBasell Industries Inc., INEOS Group Ltd., E. I. Dupont De Nemours & Company, Sabic, and Sinopec Ltd among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 
 
FAQs | Contact Us | Terms & Conditions | Privacy Policy
© 2013 Proserve Technology, Inc.